SMART Finance Related News
Region I has updated the UFARS dimensions and Chapter X grids to the new requirements for COVID-19. Here’s a link to the PowerPoint slides on MASBO’s website that discuss the new finance and source dimensions.
https://cdn.ymaws.com/www.mnasbo.org/resource/resmgr/handouts/cares-funding-slides.pdf) Each district will need to build the finance dimensions in Account Segment Setup before building the new accounts. For revenue accounts, use source 400 with new finance dimensions 151, 152, and 153. For now, the closing account will be unrestricted.
In addition to the new finance dimensions 151,152, and 153, the following Source numbers have been added:
FEDERAL EMERGENCY ECON INJURY GRANTS (EEIG)
PROCEEDS FED ECON INJURY DISASTER LOANS (EIDL)
PROCEEDS FED PAYCK PROTECTION PROG (PPP) LOANS
TRANSFERS DUE TO COVID-19
If you need these source numbers, they will have to be built in Account Code Segment Setup before setting up the accounts..